Grameenphone pays outstanding Tk1,000cr to BTRC

Sunbd Desk || Published: 2020-05-19 11:00:26 || Updated: 2020-05-19 11:00:26

On February 23, the telecom operator had paid Tk1,000 crore to the regulator

Country’s leading mobile phone operator Grameenphone has deposited another installment of Tk1,000 crore to Bangladesh Telecommunication Regulatory Commission (BTRC) as part of its outstanding due of Tk12,580 crore unearthed by audit.

The operator deposited a pay order of the amount to BTRC on Tuesday, reports BSS.

The telecom company handed over the money before the stipulated time of May 31, 2020 following the directive of the Appellate Division passed on February 20 to escape any regulatory measures.

“We’ve deposited the money before the stipulated time complying with the law,” said Grameenphone Chief Executive Officer Yasir Azman in a virtual briefing.

Grameenphone had previously deposited Tk1,000 crore to BTRC on February 23 complying with the court order for a total adjustable payment of Tk2,000 crore to the regulator.

BTRC Chairman Md Jahurul Haque, after receiving the pay order, said they want to continue work with Grameenphone in an amicable manner.

Replying to a query on solution of the audit claim, he said “We would sit together to come to a decision to finish the process.”

The Appellate Division’s order came in response to a review petition filed by Grameenphone earlier on January 26 to allow it to pay Taka 575 crore in twelve equal installments.

The review petition was filed after the apex court had directed Grameenphone on November 24 last year to pay Taka 2,000 crore to BTRC within three months (by February 23) against the demand of Taka 12,579.96 crore dug out by audit.

Grameenphone and Robi, the second largest mobile phone operator, were engaged in a virtual scuffle with BTRC over financial and technical audit to the operators’ book since their inception up to 2015.

Earlier, in another order, the Appellate Division asked Robi Axiata Limited to pay in equal five installments in five months Taka 138 crore out of BTRC’s demand amounting to Taka 867.23 crore.

Robi complied with the order paying on January 14 the first installment, 17 days ahead of the expiry of the deadline.

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